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Showing results for tags '3 year budget strategy estimates of $450 billion'.
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Finance Meets To Complete The Mechanisms For Preparing The Rules To Be Followed By Government Agencies When Implementing Their Budgets 5/22/2023 https://earthiq.news/wp-content/uploads/2023/05/١-1.jpg?v=1684781749 Earth News / The Undersecretary of the Ministry of Finance, Masoud Haidar, chaired on Monday the periodic meeting of the Committee for the Implementation of the Instructions of the Federal General Budget for the year 2023, which included the general directors and directors of the concerned departments in the Ministries of Finance and Planning. According to a ministry statement received by Earth News, "the meeting completed the mechanisms for preparing rules and instructions to be followed by government agencies when implementing their budgets, in accordance with the principles of transparency and flexibility and raising the efficiency of their operations stipulated in accordance with the law, in addition to achieving optimal performance and avoiding potential risks." It is noteworthy that the instructions for the implementation of the state's general budget are the basic document for the Ministry of Finance and government agencies in the implementation of the budget in all its stages to achieve the economic priorities set. -
For three years.. 'People' publishes a draft budget law for Iraq 2023.03.18 - 14:55 Baghdad - Nas On Saturday, Nass publishes the draft federal budget law for three years. And the draft stated, "Calculating the contract period for those who are fixed on permanent staffing as an actual service for the purposes of bonus, promotion and retirement, in a way that does not entail any financial consequences retroactively, provided that the retirement contributions are met, including the department's share for the calculated contract period." The draft budget also included "transferring the appointments file in all government institutions to the Public Service Council." To view the draft budget: click here And the House of Representatives announced, on Friday, that it had received the draft budget law. Deputy Speaker of the House of Representatives, Shakhwan Abdullah, said in a statement, which "NAS" received a copy of, (March 17, 2023), that "the draft federal budget law reached the parliament last night." Earlier, the government spokesman, Basem Al-Awadi, announced that the draft budget law would be handed over to Parliament. Al-Awadi said in a statement, which “NAS” received a copy of, (March 17, 2023), that “in implementation of the provisions of the Constitution and the Federal Financial Management Law, yesterday evening, Thursday, the draft federal budget law for the Republic of Iraq for the fiscal years 2023, 2024, and 2025 was officially handed over. to the House of Representatives. He added, "The draft budget law, with its new articles and paragraphs that were approved for the first time, is capable of facilitating the implementation of executive and development projects, plans and programs, and providing infrastructure and services for citizens." A member of the Parliamentary Finance Committee, Jamal Cougar, suggested approving the state’s federal budget for the current year before Eid Al-Fitr. The Financial Management Law No. 6 of 2019 allowed the Federal Ministry of Finance to prepare a medium-term budget for a period of (3) three years, to be submitted once and legislated, and the first year is obligatory. Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, explained to the official agency that “the circulation of the sums allocated to the governorates for the purposes of investment spending, which could not be disbursed during the fiscal year, was included in the draft federal budget law for the year 2023, which is a flexible and unrestricted mechanism that allows the governorates to conduct financial actions within Its annual allocations related to investment spending on projects. He added, "Financial Management Law No. 6 of 2019 in force and amended in 2020 took the issue of allocated unspent financial allocations to the governorates by preserving their rights in allocation in order to sustain spending on investment projects without delay or delay." Last Monday, Prime Minister Muhammad Shia al-Sudani said in a press conference: “In this budget, we gave the governorates the right to recycle the allocated amounts,” stressing that “the priorities of the government program will be present in the 2023 budget, and the three-year budget supports financial stability.”
